Bitcoin is facing renewed downward pressure as a key technical indicator flashes red.
Just as major financial firms like Goldman Sachs are warning of a possible drop in the value of risky investments, a worrying sign has emerged that could create difficult conditions for Bitcoin.
A bearish MACD crossover just occurred on Bitcoin’s daily chart. Historically, this signal has often led to around a 10% price decrease within a week.
— Ted (@TedPillows) April 28, 2026
The bearish MACD cross, explained
Cryptocurrency traders are currently focused on a key technical signal. Bitcoin’s MACD, a popular indicator of price momentum, has recently flashed a bearish signal on its daily chart, suggesting potential downward price movement.
The Moving Average Convergence Divergence, or MACD, is a tool used in technical analysis to follow trends and spot changes in a market’s direction. It helps traders understand when momentum is shifting.
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A “bearish cross” happens when a short-term moving average drops below a longer-term moving average on a MACD chart. Traders often see this as a sign that an upward price trend is losing steam and a downward trend is likely to begin.
Bitcoin lags behind equities
The current negative outlook for crypto is especially worrying because Bitcoin has been having trouble gaining traction, even as the stock market has been doing well.
The stock market, specifically the S&P 500 and Nasdaq 100, reached new peaks in early April thanks to strong company profits and a decrease in global tensions. However, Bitcoin hasn’t followed suit and remains down about 39.6% from its peak of $126,080, which it hit seven months ago on October 6, 2025.
Wall Street warns of a coming sell-off
With Bitcoin showing signs of weakness, the overall economic situation isn’t providing much support. John Flood, a Goldman Sachs executive, warned on Sunday that investors should prepare for a potential short-term decline in riskier investments.
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2026-04-28 22:19